🏦 BitMine just widened its lead as the largest Ether treasury holder.

[johnblockbuster]

Latest purchase: 234,000 ETH on Sept. 26, now holding 2.65M ETH worth $11B+.

Goal: Control 5% of the total ETH supply.

Average purchase price: $4,141 per ETH (current price $4,221).

Chairman Tom Lee calls ETH’s current price “a discount to the future,” citing two converging supercycles — crypto & AI — that will need neutral public blockchains, with Ethereum as the premier choice.

[Nahid10]

Buying 2.65M ETH to aim for 5% supply shows massive conviction in Ethereum’s long-term role.

[kelson10]

Calling ETH a “discount to the future” ties perfectly into the crypto + AI supercycle narrative.